Location: Florida
Submitted 10/14/12 03:20 AM

Q. The title company I work with has been rejected to close with by wells Fargo. has this happened to anyone else ?

 

Answer #1
Submitted 10/14/12 04:37 AM
Gary L. Waters, Broker Owner Waters Realty of Brevard, LLC, Personal Service, always. (Waters Realty of Brevard, LLC): Real Estate Broker Owner in Melbourne, FL Gary L. Waters, Broker Owner Waters Realty of Brevard, LLC, Personal Service, always. (Waters Realty of Brevard, LLC)
Real Estate Broker Owner
Melbourne, FL

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A.

Personally I have never seen a title company rejected by the lender.  Of course if it is a short sale and they are paying, they have the choice by custom here.

Answer #2
Submitted 10/14/12 07:11 AM
Terry McCarley, REALTOR, CDPE, SRES - Cape Coral, FL (Right Choice Realty - Cape Coral & Fort Myers, FL): Real Estate Agent in Cape Coral, FL Terry McCarley, REALTOR, CDPE, SRES - Cape Coral, FL (Right Choice Realty - Cape Coral & Fort Myers, FL)
Real Estate Agent
Cape Coral, FL

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A.

I have never had this happen but if the seller is paying the title insurance they do have the right to pick which title company will handle the closing.

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